The planned sale of more than 600 bank branches from Lloyds
Banking Group PLC (LYG) to Co-operative Banking Group has collapsed
after Co-op decided it couldn't go ahead with the deal, the
Financial Times reported Wednesday on its website, citing two
unnamed sources familiar with the situation.
The cancellation of the deal, worth a preliminary 750 million
pounds under a purchase agreement reached in July, could be
announced as early as Wednesday, the report said.
Lloyds declined comment, while Co-op couldn't be reached for
comment, according to the report.
Full story:
http://www.ft.com/intl/cms/s/0/ad42f964-ac67-11e2-9e7f-00144feabdc0.html#axzz2RL5ndNPH
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